ASHRAE Jax Lunch Meeting - May 8 11:30 at The River Club Distinguished Lecturer Bruce Lindsay and Annual Final Meeting for the 2023-24 Fiscal Year
Please join ASHRAE Jax as we host Distinguished Lecturer Bruce Lindsay, PE, for his presentation “Inflation Reduction Act and 40% Tax Credits for Thermal Storage.”
Presentation: President Biden signed the Inflation Reduction Act of 2022 on August 15, 2022. It provided $369B for renewable energy and climate change programs. Most of that was to extend existing tax credits for wind, solar, geothermal, and electric vehicles. The IRA did add energy storage technologies, and specifically thermal energy storage. It also had bonus tax credits for US production and energy communities. Thermal energy storage systems now qualify for a 40% tax credit. That is a game changer! They also have a 5-year depreciation as opposed to 39-year for HVAC systems. If you are replacing a chiller, a chiller with storage will be much less expensive to install and operate.
(Our previously scheduled DL, David Shurk, had to cancel due to a family emergency.)
Bio: Bruce Lindsay, PE, CEM is the Business Development Team Leader for Thermal Energy Storage, Trane Technologies. He works with utilities, regulators, engineering firms, and building owners to design and install thermal energy storage systems to take advantage of changing electric rates as we move to renewable energy and electrification of buildings. Trane is pioneering the use of ice storage to heat large buildings instead of natural gas.
Prior to joining Trane Technologies, Mr. Lindsay served as the Energy Manager at Brevard Public Schools in central Florida. He managed the utility services for 84 schools totaling 13M square feet. Of the 84 schools, 20 had ice storage systems. He provided engineering overview for facility upgrades of $200M over six years.
Mr. Lindsay worked for the Electric Power Research Institute and was the Executive Director of the EPRI Thermal Storage Application Research Center at the University of Wisconsin-Madison. He managed national programs to develop thermal energy systems and provide training to utilities and engineering firms.
Mr. Lindsay is a Life Member of ASHRAE. He is currently the President of the ASHRAE Space Coast Section and Region XII Refrigeration Vice Chair. He serves on ASHRAE TC 6.9, Thermal Energy Storage, TC 9.7, Educational Facilities, and the ASHRAE Epidemic Task Force-Schools Team. He is also active in USGBC and received the 2020 Best of Green Schools-Transformation Award.
Mr. Lindsay holds a BS in Civil Engineering from Carnegie-Mellon University, an MS in Energy Resources from the University of Pittsburgh, and an MBA from Northwestern University. He is a licensed Professional Engineer in the State of Wisconsin and a Certified Energy Manager. |
